Gamblers Fallacy Does Not Help Roulette Systems
There is one thing that will destroy you if you are not careful. I’ve seen this one thing completely annihilate the bankrolls of new players to online roulette studs. It doesn’t matter if you have been around forever, or if you are just starting out.
The one thing that I’m talking about is known as The Gambler’s Fallacy. The Gambler’s Fallacy has been tricking players into making bad bets for centuries, possibly longer than that. If you take your money seriously you must be constantly vigilant against The Gambler’s Fallacy.
To sum it up quickly The Gambler’s Fallacy is the wrongly held belief that past random acts of probability will influence future random acts of probability. For example if a coin is flipped three times in a row and lands on heads, the next flip is not more likely to be tails.
The idea that the roulette table has some sort of memory and makes things balance out is entirely false. The roulette table does not care about what the last spin was, and before every spin the odds are reset to what they normally are.
What makes The Gambler’s Fallacy so deadly is that if somebody who is not versed in mathematics looks at a simple version of the odds it would appear that there is no fallacy. The math would indicate that no such fallacy exists.
Most people look at the math and then make wrong conclusions from the brief overview of the odds. This would make it look like there is no Gambler’s Fallacy. But I will show you where they go wrong, and how to look at the odds properly.
Imagine that there is no zero at an online roulette table. This would mean that there is a 50% chance of landing on black, now the odds of a ball landing on black twice in a row is smaller than 50%, and the odds of it landing on black three times in a row is even smaller. So on the surface it looks like the more times it lands on black the less likely it is to land on black again. However if you look deeper the odds of the ball landing on black three times and then red one time matches up with the odds of the ball landing on black four times.
There is no reason that The Gambler’s Fallacy should destroy your bankroll. However it will as soon as you let it. If you want to do well at online roulette you must take this threat seriously otherwise it could completely and utterly destroy you.
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